Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

The rental property/cash flow calculator is free but the CapEx one isn't.The free rental property calculator also helps you identify the ideal purchase price range for any potential rental property using what the median income is for any zip code - that is pulled using city-data's website.Hope this helps!

@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

The rental income from the first home will pay for the mortgage/monthly costs.  

@Karim, I’ve been adding some properties/rental income on my Excel to see which locations would give a descent return.JLT gives good ROI, Marina does not.

Analyze Rental Income PotentialRun the numbers for your specific property.

Lastly these tools can integrate directly into your bookkeeping so you can automate the income portion of your bookkeeping which will help with your analytics/reporting and save you tons of time during tax season. 

Most of these program qualifies borrowers with income and very few DSCR.

And big one is a reputable seller. what i saw in Detroit in the day ( and I suspect it was somewhat the same in Cleveland low income areas) which pretty wild abuse.